First Eagle Investment Management LLC Cuts Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

First Eagle Investment Management LLC lowered its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 98.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,013 shares of the financial services provider’s stock after selling 179,039 shares during the quarter. First Eagle Investment Management LLC’s holdings in FTAI Aviation were worth $434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FTAI. Orion Portfolio Solutions LLC grew its stake in shares of FTAI Aviation by 2.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock worth $483,000 after acquiring an additional 102 shares in the last quarter. Merit Financial Group LLC grew its position in FTAI Aviation by 2.5% in the 4th quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider’s stock worth $613,000 after purchasing an additional 105 shares in the last quarter. MML Investors Services LLC increased its stake in FTAI Aviation by 6.3% in the 3rd quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock valued at $288,000 after buying an additional 129 shares during the last quarter. CIBC Asset Management Inc increased its stake in FTAI Aviation by 4.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider’s stock valued at $488,000 after buying an additional 147 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of FTAI Aviation by 7.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider’s stock worth $346,000 after buying an additional 161 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

Shares of NYSE FTAI opened at $104.31 on Monday. FTAI Aviation Ltd. has a fifty-two week low of $58.41 and a fifty-two week high of $181.64. The stock has a market cap of $10.70 billion, a PE ratio of -1,043.00 and a beta of 2.06. The stock has a fifty day moving average of $119.45 and a 200-day moving average of $133.80.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation’s dividend payout ratio is presently -342.86%.

Wall Street Analyst Weigh In

FTAI has been the subject of a number of research analyst reports. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a research report on Friday, January 10th. Stifel Nicolaus reaffirmed a “hold” rating and set a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a report on Saturday. Compass Point raised their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Barclays boosted their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $173.67.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.